1 EXHIBIT 99.1 [LAZARD FRERES REAL ESTATE INVESTORS, L.L.C. LETTERHEAD] September 30, 1997 The Board of Directors ARV Assisted Living, Inc. 245 Fischer Avenue D-1 Costa Mesa, Ca 92626 Gentlemen: Lazard Freres Real Estate Investors, L.L.C. ("LFREI") is...Stockholders Agreement • October 10th, 1997 • Arv Assisted Living Inc • Services-nursing & personal care facilities
